Minneapolis-based healthcare company Bright Health announced Thursday it raised $160 million in a Series B funding round, a news release said.

According to the release, Bright Health will use the funding to support its mission to transform the healthcare system through its Care Partnership model. The company offers its health insurance plans directly to consumers, via broker partners and through public and private health insurance exchanges.

According to startupfreak.com a Series B funding round means the product is being sold in the market and funding is required to scale up.

Tips for elevator pitches

The CEO of an independent advertising agency told Siliconprairienews.com the biggest mistake entrepreneurs make in pitching their startup is they don’t tell a compelling story.

Greg Andersen, the CEO of Bailey Lauerman, did a Q&A with the website and provided some helpful few keys to have successful elevator pitches.

KC startups awarded funding

According to startlandnews.com Kauffman Foundation CEO Wendy Guillies said in a release that their goal is to increase entrepreneurial success in Kansas City.

“More startups lead to higher productivity, wage growth and quality of life for the entire community,” Guillies said. “We believe the startups are empowered when they connect to established resources.”